Frontier Developments PLC Option grants /PDMR Shareholding (7007T)

TIDMFDEV

RNS Number : 7007T

Frontier Developments PLC

26 March 2021

Frontier Developments plc

Director/PDMR Shareholding

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company") announces that on 25 March 2021, in aggregate options over 33,924 Ordinary Shares of 0.5p each in the Company ("Ordinary Shares") have been awarded under the existing all-staff Sharesave equity plan (the "Plan"), which Directors are also entitled to participate in. 1,824 options with an exercise price of 1,972 pence per Ordinary Share were granted to two of the Executive Directors (the "Options"). The Options are due to vest on 1 May 2024, after which they must be exercised within six months.

Following these grants, the number of Ordinary Shares held under option by each of the Executive Directors is as follows:

 
 Name of       Position                   Number of Options   Total number of 
  Director                                    granted on 25     share options 
                                                 March 2021    held under all 
                                                                      schemes 
 Jonathan 
  Watts        Chief Creative Officer                   912           146,234 
              -------------------------  ------------------  ---------------- 
               Chief Financial Officer 
 Alex Bevis     and Company Secretary                   912           168,888 
              -------------------------  ------------------  ---------------- 
 

Enquiries :

   Frontier Developments     [phone] 

David Braben, CEO

Alex Bevis, CFO

   Liberum - Nomad and Joint Broker       [phone] 

Neil Patel / Cameron Duncan

   Jefferies - Joint Broker     [phone] 

Max Jones / William Brown

   Tulchan Communications     [phone] 

Matt Low / William Booth / Tom Blundell / David Allchurch

About Frontier Developments plc

Frontier is a leading independent developer and publisher of videogames founded in 1994 by David Braben, co-author of the iconic Elite game. Based in Cambridge, Frontier uses its proprietary COBRA game development technology to create innovative genre-leading games, primarily for personal computers and videogame consoles. As well as self-publishing internally developed games, Frontier also publishes games developed by carefully selected partner studios under its Frontier Foundry games label.

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Jonathan Watts 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Chief Creative Officer 
     --------------------------------------------------------------------- 
 b)   Initial notification/Amendment: Initial Notification 
     --------------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     --------------------------------------------------------------------- 
 a)   Name: Frontier Developments plc 
     --------------------------------------------------------------------- 
 b)   LEI: 213800B9LGPWUAZ9GX18 
     --------------------------------------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of 
       transaction; (iii) each date; and (iv) each place 
       where transactions have been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of 
       instrument: 
       Ordinary shares of 0.5p each 
       Identification code: GB00BBT32N39 
     --------------------------------------------------------------------- 
 b)   Nature of the transactions: Grant of 912 options 
       over ordinary shares of 0.5 pence each with an exercise 
       price of 1,972 pence per share. The Options are due 
       to vest on 1 May 2024, after which they must be exercised 
       within 6 months. 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)   Volume(s) 
        1,972p     912 
                  ---------- 
     --------------------------------------------------------------------- 
 d)     Aggregated information: 
         N/A - Single transaction 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 25 March 2021 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: Outside trading venue 
     --------------------------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Alexander Bevis 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: CFO and Company Secretary 
     --------------------------------------------------------------------- 
 b)   Initial notification/Amendment: Initial Notification 
     --------------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     --------------------------------------------------------------------- 
 a)   Name: Frontier Developments plc 
     --------------------------------------------------------------------- 
 b)   LEI: 213800B9LGPWUAZ9GX18 
     --------------------------------------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of 
       transaction; (iii) each date; and (iv) each place 
       where transactions have been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of 
       instrument: 
       Ordinary shares of 0.5p each 
       Identification code: GB00BBT32N39 
     --------------------------------------------------------------------- 
 b)   Nature of the transactions: Grant of 912 options 
       over ordinary shares of 0.5 pence each with an exercise 
       price of 1,972 pence per share. The Options are due 
       to vest on 1 May 2024, after which they must be exercised 
       within 6 months. 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)   Volume(s) 
        1,972p     912 
                  ---------- 
     --------------------------------------------------------------------- 
 d)     Aggregated information: 
         N/A - Single transaction 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 25 March 2021 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: Outside trading venue 
     --------------------------------------------------------------------- 
 

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March 26, 2021 12:11 ET (16:11 GMT)